DSM Integrated Annual Report 2020

2 Intangible assets

The carrying amount of intangible assets comprises goodwill on the acquisition of Erber Group in 2020 (€469 million, representing 90% of the total goodwill of € 522 million; the remaining goodwill of €53 million has been recognized by a subsidiary of Koninklijke DSM N.V., as 10% of the shares in the Erber Group have been acquired by that subsidiary), see also Note 3 Change in the scope of the consolidation of the ‘Consolidated financial statements’, NeoResins in 2005 (€358 million), Crina in 2006 (€8 million) and Pentapharm in 2007 (€36 million). For full information on these assets including the discussion of the related impairment tests, see Note 8 Intangible assets to the ‘Consolidated financial statements’. Other intangible assets are related to the Corporate service activities and have therefore been transferred at book value to the services company, see Note 1 General.

Intangible assets of Koninklijke DSM N.V.

 

 

Goodwill

 

Under construction

 

Other

 

Total

 

 

 

 

 

 

 

 

 

Balance at 1 January 2019

 

 

 

 

 

 

 

 

Cost

 

400

 

4

 

85

 

489

Amortization and impairment losses

 

-

 

-

 

58

 

58

Carrying amount

 

400

 

4

 

27

 

431

 

 

 

 

 

 

 

 

 

Changes in carrying amount:

 

 

 

 

 

 

 

 

- Capital expenditure

 

-

 

3

 

-

 

3

- Put into operation

 

-

 

(3)

 

3

 

-

- Exchange difference

 

2

 

-

 

-

 

2

- Amortization

 

-

 

-

 

(8)

 

(8)

 

 

 

 

 

 

 

 

 

Balance at 31 December 2019

 

 

 

 

 

 

 

 

Cost

 

402

 

4

 

88

 

494

Amortization and impairment losses

 

-

 

-

 

(66)

 

(66)

Carrying amount

 

402

 

4

 

22

 

428

 

 

 

 

 

 

 

 

 

Changes in carrying amount:

 

 

 

 

 

 

 

 

- Acquisition

 

469

 

-

 

-

 

469

- Intragroup transfer

 

-

 

(4)

 

(22)

 

(26)

 

 

 

 

 

 

 

 

 

Balance at 31 December 2020

 

 

 

 

 

 

 

 

Cost

 

871

 

-

 

-

 

871

Amortization and impairment losses

 

-

 

-

 

-

 

-

Carrying amount

 

871

 

-

 

-

 

871